Comments on: QQQQ PowerShares QQQ Trust Chart

By: R

Tue, 24 Mar 2009 21:10:28 +0000

They call it Suckers Rally, you know.
Speaking technically of SPX, i guess it can jumping high till 950 points, not more.
About the lows, i think we’ll see them in the summer or fall of 2009.

By: Phantasmix

Phantasmix — Tue, 24 Mar 2009 01:34:43 +0000

So speaking of SPX, you see it going to 1,050 or so, then down to 750?

When do you think we see the new lows?

By: R

Tue, 24 Mar 2009 01:02:23 +0000

…but we don’t see *the lows*, not yet!

By: R

Tue, 24 Mar 2009 01:00:21 +0000

I guess that after the kissing of 200, it will rapidly cracking down first, to 25% of the movement.

By: Phantasmix

Phantasmix — Tue, 24 Mar 2009 00:34:45 +0000

What are you thinking:

– 200dma, then back down again?

– is this “once in 80-100 years crisis” over, thanks to the U.S. government? 🙂

By: R

Tue, 24 Mar 2009 00:23:27 +0000

It smells like SMA200 is the next target…

By: Phantasmix

Phantasmix — Mon, 23 Mar 2009 22:55:51 +0000

It closed above the channel top.

Could still correct this week (and probably should!!) but you’re probably right — going higher in the next few weeks.

By: Comp!ete

Comp!ete — Mon, 23 Mar 2009 22:39:19 +0000

We break the channel over the top before opex April, and then bounce around on top of it for weeks on end waiting for news and earnings predictions.

My thoughts anyhow.